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This is crazy. No wonder we are so messed up.
He will find out soon that his pension payments cannot be paid for long. The money will not be there soon.
What part of “American tax payers can’t afford this” doesn’t Washington understand?
Private pensions should be tax free!
This just means he made too much while working. This isn’t the norm. Its californicate.
I met a guy last week who was bragging about his 3 govt checks. I really wanted to smack him.
Running a horse ranch also gets him a pile of tax breaks in this stupid state. This is obscene.
If he had the amount of stocks and bonds, giving a return rate of 4 percent, which is probably typical, he’d have the equivalent of about 4.5 million dollars.
This is really upsetting to me because my Hub is being bunched in with the likes of this. He worked civil service for 30 years, paid into his city retirement, ALWAYS paid his own health insurance, retired, took another job and retired for good in January. Up until May when the city changed insurance he paid 10 thousand a year out of his pension for health insurance and now he pays & thousand a year out of his pension. His pension is under 45,000 a year and the city is trying to take his as well as any city emloyees pensions away. We’re not setting the world on fire with this pension but there are those who think they can go back on their word......the promise made in ‘68 when he started to work for the city because of todays budget shortfalls. Why is it older people, first responders and emergency employees that have to take furloughs, cut pensions, no raises because of the waste and fraud and total screw ups city gooberments have made? Now the feral gooberment is zeroing in on our military! Just damn!
Don’t you just love it when Democrats rant on and on about the evils of greed?
Hyperinflation will resolve this situation.
Watch for a Congressional salary hike, on the next QE and IMF for euro.
Unfortunately, it is looking more and more like an Icelanicsizing for these invaders as the only solution.
Don’t get your hopes up on OWS...but this clown is CLEARLY the 1% of retirees.
Freep-mail me to get on or off my pro-life and Catholic List:
Please ping me to note-worthy Pro-Life or Catholic threads, or other threads of general interest.
2012 should be a war against the public sector, against the government rich. There is little downside. Few of them vote Republican.
I wish one of these think tanks would do a study of each state and find out how many layers of Government we are paying for ,how many fire depts. Public works,etc at a given time, all the current retirees,current people in those positions and how much the cost is and is Projected to be in a Generation